Pakistan passes central bank autonomy law
Senate approval brings country closer to meeting IMF loan requirements
The Senate of Pakistan passed a law granting greater independence to the central bank on January 28. The vote, carried 43–42, completes the parliamentary passage of the law.
The National Assembly, the lower house of parliament, approved the draft law on January 13. It will become law once signed by the president.
The International Monetary Fund required Pakistan to amend its central bank statute as part of a $6 billion, 39-month loan approved in July 2019. Pakistan promised to end monetary
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com